Some Important Value-Judgments, Rules and Theorems

Satish Jain

Chapter 6 in Social Choice Theory, 2022, pp 77-94 from Springer

Abstract: Abstract This chapter discusses four important conditions on social decision rules, namely, Pareto-criterion, monotonicity, neutrality, and anonymity. The idea of Pareto-optimality is discussed in detail. May’s theorem characterizing the method of majority decision is stated and proved. The Pareto-rule is defined and discussed.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-16-9661-9_6

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DOI: 10.1007/978-981-16-9661-9_6

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